McCormick (MKC) Q1 Earnings and Revenues Miss Estimates

Core Viewpoint - McCormick's quarterly earnings of $0.60 per share fell short of the Zacks Consensus Estimate of $0.64 per share, marking a -6.25% earnings surprise compared to the previous year's earnings of $0.63 per share [1][2] Financial Performance - The company reported revenues of $1.61 billion for the quarter ended February 2025, slightly missing the Zacks Consensus Estimate by 0.38%, and showing no significant change from the year-ago revenues of $1.6 billion [2] - Over the last four quarters, McCormick has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - McCormick shares have increased approximately 5.4% since the beginning of the year, contrasting with the S&P 500's decline of -1.9% [3] - The current Zacks Rank for McCormick is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.69 on revenues of $1.67 billion, while the estimate for the current fiscal year is $3.07 on revenues of $6.82 billion [7] - The outlook for the Food - Miscellaneous industry, to which McCormick belongs, is currently in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8]